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, not as many as hoped for or expected. nbc's tom costello starts us off in our washington newsroom tonight with what all of this might mean. tom, good evening. >> hi, brian. the good news, anyone with retirement money invested in stocks has made back much of what they lost during the great recession and the wall street selloff, about $8 trillion. a big rally on wall street today, with the dow back over 14,000. a lot has changed since the last time it crossed that mark on october 12th, 2007. within a year, lehman brothers and bear stearns failed. housing prices went off a cliff. the unemployment rate went from 4.7% to 10% before falling back to 7.9% today. in portland, oregon this week, more than 900 people applied for 160 new jobs at two new hardware stores. >> 80% of the people we saw were -- had been out of work for three months to up to two years. >> reporter: julie ober has been out of work for 16 months. >> my last job was front desk at a pain management company. and just -- i actually got sick. and couldn't be there any longer. >> reporter: nationwide, some 12 million americans are s
you with us. we look forward to taking your calls at 866-55-press. >> that's our toll-free number. i was there in the whiter house briefing room yesterday when president obama came out and called on congress to take action to avoid those massive cuts to pentagon spending known as the sequester which kick in march 1st. if march can't pass a big bill, they ought to pass a small bill to delay the sequester for a few more months. house republicans led by john boehner immediately said no way. here we go again. the party of no opposing anything obama wants. we will tell you about that. also tell you the latest on drones and a lot more here on the full court press. but first, let's get the latest. lisa ferguson is here. well, she is not here. she is in los angeles with today's current news update. hi, lisa. good morning. >> close enough. los angeles, d.c. good morning, everyone. the president is in annapolis today after 10:00 this morning and atends the conference at the western annapolis hotel. vice president biden is swearing in john kerry as secretary
. >> the president should be calling us over somewhere, camp david, the white house, somewhere and us sitting down and trying to avert these cuts. >> reporter: but even within the republican party, many are questioning how bad the cuts will be, accusing you the president of exaggerating the consequences. >> to not cut 2.5% out of the total budget over a year when it's twice the size it was ten years ago, give me a break. >> reporter: still, at this ship yard in norfolk, virginia, 1600 letters warning of possible pink slips are already in the mail, while workers wait for washington to act. >> guys really need to put their heads together and figure something out. >> you know, they take this away, a lot of people are going to be hurt. >> reporter: a looming crisis underxbird virginia's republican governor. >> sequester was put in place to be a hammer, not a policy. now here we are a week away. find another way to do it and get it done now. >> reporter: tonight, many of the nation's governors were actually here at the white house for a formal dinner with the president. lester, even among those governo
if their patients practice unsafe sex or use illicit drugs or have suicidal ideations or feel threat tleled in the home, about you it's illegal for them to discuss guns. >> i believe as assault weapons were invent vented for war. shouldn't be on our streets here. >>> coming up, elijah cummings. and whatever happened to clint eastwood's chair? the hunt to track down the famous furniture. >> and you would i know is that about two minutes into clint eastwood's speech when i realizedwould i know is that about two minutes into clint eastwood's speech when i realized that he was talking to the chair and teleprompters were off, i told hey wimy wife let's that chair. >> i'm andrea mitchell live in washington. a day ahead of john brennan's confirmation hearing to head the cia, the obama administration's drone program is drawing new scrutiny from both sides of the aisle and raising big questions about just how far the government should go in targeted assassinations without oversight from congress or from the courts. joining me now for our daily fix, msnbc contributor and "usa today" washington bureau
's the price of gas. suddenly sky-high again. >>> there's been another terrorist attack on a u.s. outpost overseas. our own richard engel is there, all of it playing out when we get a new secretary of state. >>> new rules in the ongoing fight over birth control coverage. the president makes an offer. the question is, will religious leaders give it their blessing? >>> and the big game. it's all over, but the shouting, the fans are in place, the excitement is building. oh, but wait. we're talking about the puppy bowl on sunday. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening. late today the stock market crossed over something of a mythic mark of the modern era and the dow jones industrials closed above 14,000 for the first time since 2007. and we all remember what happened back then. the stock market has been on a tear of late, gaining almost 7% so far this year. s&p and nasdaq also up. we started the day by learning the unemployment rate had inched up to 7.9% again, while the economy actually adde
. six weeks later, the u.s. attack. the wmd's were never found. today we'll speak with media analyst norman solomon and colorado lawrence wilkerson, "with liberty and justice for some: how the law is used to destroy equality and protect the powerful." 's former chief of staff. >> i have admitted to this a number of times publicly and privately, was the person who put together colin powell's presentation on february, five, 2003. probably the biggest mistake of my life. >> u.s. lawmakers are threatening to cut funding to brooklyn college, this will host a forum to mourn at about the palestinian led campaign to boycott and divest from israel. >> extreme radicals, as i said, basically what the state of israel to disappear from the face of the earth. i have a problem with that. they are sponsoring this event. they're supporting ms. event. that is the issue. that is absolutely outrageous. >> we will be joined by one of the speakers at the brooklyn college event, omar barghouti. also, glenn greenwald. another campaign, this went over climate change. students at over 200 campuses are pushing
. there is no embargo when the set -- the gresko -- the practice is over, except that c-span has agreed not to use video of the session from least two hours after the breakfast and to give everyone a bit of time to file if you wish. if you have questions, i will call on one and all happily. i will be the ambassador to -- an opportunity to -- i will give the ambassador an opportunity to make opening comments. >> thank you for hosting this. it is a long overdue exercise and i'm very happy to be here this morning. and to be given what i call a unique opportunity to address issues that we have been looking at. and i know that some in the media have been falling in the past many years. -- following in the past many years. yes, i have good reason to believe i am in danger, but i hope that we come out of this not in flames, shall we say. my bio is very interesting, but i have spent over a year in being a spokesperson for the pakistan people's party as well as in government as a minister. i resigned about a while ago. it is not difficult for me to be boring for an hour and not give you something. my intent is t
this morning. explosion outside of the u.s. embassy. taken place in ankara, turkey. reported just minutes ago. at this hour, we are hearing that several people have been hurt. we'll bring you to the pentagon for the latest on this story, just ahead. >>> also breaking news ahead. the former mayor of new york, ed koch has died. he was 88 years old. a look at his legacy this morning. a controversial, combative, confrontational and brash mayor, and the people of new york city loved him. we'll tell you about that, straight ahead. christine. >>> and the first jobs report of 2013 released in an hour and a half. the numbers for you, what it means for the health of the economy and the jobs market. >> and the defense secretary nominee on the defensive. chuck hagel grilled on capitol hill. did he blow his shot to convince lawmakers that he's the right man for the job? >> friday, february 1st, and "starting point" begins right now. >>> welcome, everybody. breaking news, we start with. two people have died, several people wounded in explosion that has taken place outside the u.s. embassy in ankara, turkey
in washington. mr. vice president, thank you very much for taking time to see us for this conversation. how's your health? >> much, much bet, thank you. i had lived with coronary artery disease since i was 37 years old 1978. had six heart attacks and nearly everything else that you could do yourself. i had an episode of ventricular fibrillation, my heart stopped. my life was saved by an implanted defibrillator. so i've been through a lot and as of last march i got a transplant, got a new heart and it's nothing short of a miracle. it's like taking 30 years off your life. >> rose: some people said to me without that heart transplant your days were numbered. did you have sense of that? >> oh, absolutely. i'd gotten to the point where i'd done bypass and all the various procedures and i got to end stage heart failure, your heart is just no longer moving enough blood to service your vital organs and this was in july of 2010 so i went in for planned surgery. they had to do it on arch emergency basis because everything started to collapse rapidly. and that's when we implanted this -- it's called a
people have died, several people wounded in explosion that has taken place outside the u.s. embassy in ankara, turkey. chris lawrence joins us from the pentagon. >> reporter: good morning, soledad. not much information right now. turkey authorities are responding to that scene, trying to collect more information. the blast happened just a short while ago, some. news reports out of that area, saw a big flash, heard a big bang. reports of several people wounded near a side gate of the embassy. we're waiting for more information, the u.s., of course, has two major air bases in turkey no, where near the capit capital. soledad. >> thank you, chris, for watching this story. >>> also, we told you just moments ago, the former new york city mayor ed koch has died. he passed away from congestive heart failure. he had really problems with his health over the last many years. mayor koch elected in 1977. he was a judge on the people's court, and he had been hospitalized recent well fluid on his lungs. moved to intensive care yesterday. he was 88 years old. richard socaridies joins us. writer for
for watching us tonight. i'm bill o'reilly. please remember, that the spin stops right here. so we're definitely looking out for you. >> welcome to hannity tonight for those of you who have not heard yet. comments made by rush limbaugh made on this program went viral and caused it to crash because of the traffic. here is what he had to say. >> ladies and gentlemen, for the first time in my life i am ashamed of my country. to be watching all of this, to be treated, to have my intelligence, all of us to have our common sense and intelligence insulted the way it's being, is -- it just makes me ashamed. seriously, man, i mean, they get worked up over 44 billion dollars, that's the total amount of money that will not be spent that was scheduled to be spent this year. and in truth, we're going to spend more this year than we spent last year. we're just not going to spend as much as was projected. it's all baseline budgeting, there is no real cut below a baseline of zero, there just isn't. and yet, here they come, sucking us in, roping us in, panic here, fear there, crisis, destruction,
another super pac to take on fellow republicans. would you buy a used car from this man? i don't think so. why anybody would trust him with a dime after he blew $400 million the last time around. we'll also take a look at president obama yesterday in minneapolis saying people have to decide do they stand with cops or kids. all of that coming up right here on current tv. >> nine. >> this is what 27 tons of marijuana looks like. (vo) with award winning documentaries that take you inside the headlines, way inside. (vo) from the underworld, to the world of privilege. >> everyone in michael jackson's life was out to use him. (vo) no one brings you more documentaries that are real, gripping, current. stop looking at car interiors. get inspired by other stuff. yep. yep. ok. sure. why not? woah. touchscreens. put that in your dash. now, luxury stuff. make your seats like that. that thing has wifi, why doesn't your car? you can't do that. ignore that guy. give it wifi. yes! make it fit 5 people. no, 5 actual sized people. give them leg room, good. destroy boring
cases giving the owners 105% of the cost. no, i say that this is an absurd use of taxpayer dollars. and ask why. what do you think? should the government buy homes of sandy victims? here is some of your posting on my facebook page. robber says, no, they just a live in close proximity to mother nature. if they did not have medical insurance, that is on them, not the taxpayer. stan says, they cannot buy any homes in joplin missouri, which also went through a horrible ordeal. we ask the question on gerriwillis.com. 3 percent said yes to 97 percent of you said not. be sure to log onto gerriwillis.com for online question every weekday. finally tonight, you have to hear this, italian jeans company that is a trademark the name jesus, going after a dozen other u.s. clothing companies for selling jesus the and apparel. now, they claim their company has the exclusive rights to the name and other people cannot use it. >> and not getting it. jesus teens is the name of that company. they register the name. back in 2007. here is was some of those genes look-alike. the company uses phrases like d
in a terrorist attack at the u.s. embassy in turkey. a homicide bomber setting off the blast in front of that facility today killing a turkish guard. several injuries also reported in the explosion. the u.s. state department says it is working with turkish police to investigate the attack. it is also warning american citizens in turkey to avoid high-risk areas and to remain alert. the story still developing right now. much course we will continue to keep an eye on it, bring you the latest coming up in a live report. and right now, brand-new stories, and breaking news. jenna: the hostage crisis involving a five-year-old boy being held in an underground bunker now entering its third day. we'll speak with a former f.b.i. profiler about that tense situation. what do you do now? we'll talk about it. also new job numbers from washington. our unemployment picture is thrown into reverse a little bit. we'll break down the today the a tell you what it means for your wallet and the economy. and for some the super bowl is nothing but filler between those often-times hysterical commercials. jon: l
're using economic tools to address strategic challenges, for example, in afghanistan, because along with the security transition and political transition, we are supporting an economic transition that boosts the private sector and increases regional economic integration. it's a vision of transit and trade connections we call the new silk road. a related lever of power is development and we are helping developing countries grow their economies not just through traditional assistance but also through greater trade and investment, partnerships with the private sector, better governance and more participation from women. we think this is an investment in our own economic future and i love saying this because people are always quite surprised to hear it, seven of the 10 fastest growing economies in the world are in africa. other countries are doing everything they can to help their companies win contracts and invest in emerging markets. other countries still are engaged in a very clear and relentless economic diplomacy. we should, too, and increasingly, we are. and make no mistake, there
been an important opportunity for us to really put some considered thought into the proposal. what you have in front of you is better than airplane reading. there are some suggestions in this energy 2020 document that people will look at and they will argue and they will say -- that is one person's view. that is true, that is true. but while we are trying to do is not give you a legislative package starting with initiatives that we are going to kind of clicked off as we move forward. this is really designed to be a discussion blueprint. we want to try to change the conversation. one of the reasons we have to think about changing the conversation is because the energy paradigm has really shifted. think about where we were one decade ago. it was all about scarcity, shortages, and how much dependent we were on foreign sources for our oil. fast forward to where we are today. those once thought of import terminals are looking to the export terminals. we have made considerable gains in terms of our own energy independence, to the point where it is no longer just a slogan that we are talking
used was one of the best we had ever encountered. >> so mr. al-awlaki is by not an american citizen by where anyone in america would be proud? >> he was part of al qaeda, and it was his determination to kill americans on behalf of al qaeda. >> thank you. is it true that in the last four years the fbi has arrested 100 people, either planning, conspiring, or trying to commit a terrorist attack on this nation? >> yes, they have arrested a lot of people. >> that is because of good, sound intelligence. i think what people forget is that they will kill us if they can and it is extraordinarily difficult if you cannot get into where they were hiding. would it have been possible to have arrested mr. al-awlaki where he was in the yemen? >> we work very closely with yemenis to see if we can arrest individuals. if we can, we want to do that because it is valuable for us. any actions taken in concert with the yemeni government are done in terms of any types of strikes we might engage there with them, are done only because we do not have the ability to bring those individuals into custody. >> tha
that is the biggest window. that is not over populated by u.s. capacity and capability. it is not religious. it is a it is not religious. we can extend it as needed. it should make us be more urgent. we find that when we bring urgency to almost any discussion inside of the u.s. government is a constructive thing to do. >> there are a number of areas in the u.s. government that look at failed and failing state. the undersecretary for political affairs has that responsibility. dns see used to chair and -- the nsc used to chair a committee. how does cso play into this? >> we try to work with everyone that you mentioned. we want to be aggregators of talent and good work that has gone on. for example, something as simple as analytics, we have a metadata analyst in our shop now, but we want him to be an aggregator of aggregators. i keep saying you have to be made silver on steroids -- nate silver on steroids. we cannot run enough staff to review and it turns out the intelligence community loves being called by the state department. they are flattered by it. they want their wo
us an email. what is the definition of sequestration? one is this -- it is that fiscal policy procedure adopted by congress to deal with the federal budget deficit. that is according -- some news over the last 24 hours as the president reaches out to republican leaders in the house and senate. a phone conversation between the president and republican leaders mitch mcconnell and john boehner. our guest follows the story for the hill newspaper. what news came out of these phone conversations? guest: not much from the press secretary or congressional leaders. they have been very tight- lipped. it is interesting to say that things do seem to be heating up little bit. congress will come back next week -- it is unlikely either version, republican or democrat, of the bill will pass. and will set up for a dramatic week that is unlikely to come towards a solution on this issue. host: how engaged is the president on all this? there have been discussions that he is on the campaign trail, campaigning on sequestration, but not meeting face-to-face with congressional leaders. guest: that ha
the new title pope emeritus. the vatican says he will continue to use his papal title rather than reverting to -- he will also have to change what he wears. the simple white people rope will remain. his ring and the papal seal, they will be destroyed and the new ones will be forged when the next pope is appointed. in a sign of changing times, he will also need to give up his twitter handle. let's speak to barbara. no more tweaking for benedict. i just wonder how much of a tweeter he was. >> not much of one, although he had a lot of followers. 1.5 million or just under 2 million, something like that. he has only tweeted a handful of times. i don't think that was a particular media success as far as the vatican policy goes. hopefully the next pope will also start tweeting again, possibly a bit more frequently. we while, this pope is engaged in his last duty as pontiff, beating the cardinals, really a last goodbye before he leaves the vatican -- meeting the cardinals, really the last goodbye before he leaves the vatican. he will be getting on a helicopter at 4:00 gmt, saying a final
address, john allen said the u.s. is winning the war in afghanistan. >> afghan forces defending afghan people and enabling the governments of this country to serve its citizens, this is victory. this is what winning looks like. we should not shrink from using these words. i've lived afghanistan will never again be a safe haven to terrorists -- i believe afghanistan will never again be a safe haven to terrorists and the scourge of the plague of the world. >> the obama administration plans to nominate alan to serve as the next supreme allied commander after he was cleared of misconduct in the scandal of the ousted david petraeus. israeli forces have dismantled a number -- another palestinian encampment challenging the settlement growth in the west bank. activists erected tents near have been saturday in a bid to protect their town. there were forcibly -- they were forcibly arrested. bahrain's government holding reconciliation talks about opposition parties for the first time in over a year. the negotiations last broke down in july 2011 after opposition groups accused the u.s.-backed mona
use only might accumulated leave time for this birth, and i made arrangements to have the child adopted at birth. pregnancy was immoral and administrative grounds for discharge, and that was that. so susan was sent back to the west coast where she was represented by the aclu of the state of washington. they managed to stay or discard -- to stay for discharge month by month. she lost in district court. she lost in the ninth circuit, but with an excellent defense. [laughter] the supreme court took her case, and they then -- and then the solicitor general been the dean of the first law school i attended, he saw a real damage potential for the government in susan's case. so he convened the military brass and he said, that rule about pregnancy being an automatic grounds for discharge, that's not right for our time. you should immediately wave the captain's discharge and then change the regulation. for the future. and that's what happened. now, the law students know what that meant for our case. the government had given susan everything she was asking for, so the government then immed
's your anger, be-- vent your anger and be alone when do you it. yes, indeed. that's it for us tonight. check out the fox news factor website which is different from billoreilly.com. and also we'd like you to spout off from the factor anywhere in the world. oreilly@foxnews.com, oreilly@foxnews.com name and town if you wish to opine. brand new word of the day, do not be lungis. if you know this word, if you know that, you're good. you're good. do not be lungis. write the factor. again, thank you for watching us tonight. i'm bill o'reilly. please remember, that the spin stops right here. so we're definitely looking out for you. >> welcome to hannity tonight for those of you who have not heard yet. comments made by rush limbaugh made on this program went viral and caused it to crash because of the traffic. here is what he had to say. >> ladies and gentlemen, for the first time in my life i am ashamed of my country. to be watching all of this, to be treated, to have my intelligence, all of us to have our common sense and intelligence insul it's being, is -- it just makes me ashamed. serio
for the increase. however, some analysts predict 2013 will be less brutal than 2012 when the average u.s. household spent nearly $3,000 on gas. >>> thanks to a daring fbi rescue, a little boy who spent the last week as the hostage of an alleged murderer is safe and sound this morning. >> i've been to the hospital. i have visited with ethan. he is doing fine. he's laughing, joking, playing, eating. the things that you would expect a normal 5 to 6-year-old young man to do. >> police say the boy's kidnapper 65-year-old jimmy lee dykes is dead. however, details about the raid are still unclear at the moment as law enforcement officials begin what they say will be a thorough and labor-intensive investigation. nbc's kurt gregory has more. >> reporter: relief in the small community of midland city, alabama, following the dramatic rescue of a 5-year-old boy held captive for seven days in an underground bunker. late monday afternoon that the tightly-knit community had anxiously been awaiting to hear. >> at approximately 3:12 this afternoon, fbi agents safely recovered the child who's been held hostage for n
for readiness? >> we could try, but the only means of doing that was reprogramming, using very limited techniques. for every dollar that you add, you have to cut somewhere else. especially in an environment like this one, with sequestration cuts in investment accounts, there are not a lot of good sources. you have to get a member of congress to agree to this, at least all the committees. so, it cannot be anything contentious. it is not realistic to move multiple billions of legal limits on transfer authority. could some of this change? yes. congress can change the laws in ways that make this easier. we are doing worst-case planning right now, that is a fair statement. but if the cr stays in effect for the whole year, we will see serious attacks. >> if i can follow up and add, if we do follow these civilian employees, they are the ones that maintain our equipment in a lot of our depots. they have a lot of ranges on posts. if furloughed, they will love be -- they will not be there for that training environment. it is the second and third quarter. it is not the training dollars that can b
's "washington journal de " we want to thank family miller and our guests for joining us today. we will come your way 7:00 a.m. tomorrow. h[captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> here is a look at what is ahead today on c-span. coming up at 2:30 p.m. eastern, the house democrats steering policy meeting holding meeting on how the march 1st budget cuts known as sequestration will impact government employees. members will hear from former federal aviation administration administrator and former illinois congressman john porter. and tonight we will take a look at the issue of school choice, the roles of vouchers and charter schools play in k-12 education. at 8:00, remarks from an educational researcher that discusses the pros and cons and whether vouchers' make a difference in school quality. then after that at 9:00 eastern we are joined via skype by " education week" editor sean cavanaugh. we will respond to your calls, tweets, and facebook comments. this weekend, it is the national governors' association annual winter meeti
in primitive times. bill and i decided that makes us 17-years-old. we are going to go out partying. bill: makes me about 19, you about 15. martha: right. we'll see how old jon and jen a are. jenna: loaded question. jon: let's not go there, shall we. jenna: we'll join you with the party later. brand-new stories and breaking news. jon: a deadly winter storm slams the great plains, blinding snow and now it is taking aim at folks in the midwest. the president's new strategy when it comes to the budget battle and the g.o.p. he seems to be taking a divide and conquer approach. what that could mean for your taxes. plus a vacation nightmare, more than a dozen tourists killed in a horrifying hot air balloon accident. what went wrong? it's all "happening now." and we begin with an extreme weather alert on the deadly blizzard that is now on the move. good morning, i'm jon. jenna: hi, everybody i'm jenna leave. it's the second winter storm in as many days to slam the heartland of our country. heavy snow across kansas and missouri while lashing the texas panhandle with hurricane-force winds. take a look at
and endanger u.s. security. as the government accountability office revealed scathing report from fiscal year 2007 through 20121, the justice department wasted $11 $11.4 million flying department executives around the country on non-mission using the gulf stream jets. they had other dire warnings from the cabinet. >> i don't think we can maintain the same level of security. >> whether it's press related i don't know but there are teachers getng pink slips now. >> the claims are under scrutiny with the last one yesterday from education secretary arnie duncan getting four pinocchios from the "washington post." because the teachers in west virginia did not lose their jobs from sequester. >> some of the things are not true. >> white house aides seem more concerned about the accuracy of journalist bob woodward, but his claim the president rewriting history to replace sequester by tax revenue and spending cut through sharp rebuke from white house aide sperling who declared journalists would regret reporting that. though officials today insisted that was not a threat. noting sperling is trying to ma
of us that don't like citizens united have our questions about anybody pouring all that money in any ways. however, if you are going to be able to do it, this is doing it to make a very effective point, and he really has forced gun control into that race as perhaps the central issue, and i think when we take a step back, yes, you are quite right. i was talking about that beast with two heads metaphor in my head. you are quite right. we are moving in different directions, but in 20 years it's been 20 years since we had this much pressure to pass sane gun laws, and i think we always have to keep our eye on that big thing. as katrina mentioned, there is an extremely good chance that we're going to get universal background checks. there is a decent chance that we will get a ban on the big magazines. there is a pretty good chance that we will get new gun trafficking laws. the nra for the first time in a very long time, maybe forever, is really playing defense, and that's an astonishing shift in this debate. >> can we talk about why that is? you remember, alex, when we were on this set whe
, initially, police told us they were looking for kim tolefree as well as a 1-year- old child, a girl. her name was -- her name is isaza tolefree. she was described as last wearing a pink shirt with blue bears holding anage and yellow blanket and kim tolefree was last seen wearing a plaid and beige coat, acid washed jeans. we're told the suspect was armed and dangerous. the twist -- and we just got done talking with oakland police and her daughters as well, we're told this may not be a child at all. it may be a case of domestic violence involving drugs. here's what one neighbor said. we don't that have sound right now. we're trying to sort out out the details. a cording -- sort the details. this 1-year-old girl, according had kim tolefree's daughters, the child does not exist. it may have been a matter of a domestic violence case with drugs. pline floor -- brian flores, ktvu channel 2 news. >>> we're following developing news out of turkey. a suicide bomber set off explosives killing himself and an embassy security guard. coming up at 7:15, what we are hearing about the group responsible
about it. let us know your opinions at 1-866-55-press. our big town hall meeting of the day here. about to kick off. and breaking news, the white house has reversed course. it says that now will release the secret memos on what guidelines it uses in deciding to kill americans overseas and what kind of evidence they demand before they target americans. that, of course, comes only after getting a lot of pressure from members of congress and from the public. so, you see, all of those phone calls really do work. we'll tell you more about that and a whole lot of other stuff here on this morning's "full court press" but first, we get the latest, today's current news update from lisa ferguson out in los angeles. hi lisa. good morning. >> hey bill, good morning everyone. >>> the president is attending the national prayer breakfast this morning along with the first lady and vice president biden. then this afternoon he is headed to lancedown virginia to speak at the conference. biden is in massachusetts. cowan is filling in for john kerry who is secretary of state but it is only on a temporary ba
at 9:30 eastern, the us- india relations at the carnegie endowment for international peace. and they look at sequestration, and automatic spending cuts set to go into effect march 1 that will affect federal workers. that is a 2 --- that is at 2:30 p.m. eastern. >> from the start, we told the board that the approach we were going to take, pretty straightforward. remember, we were set -- sent there to fix gm. that was the mission. go make this thing a viable company again. so we were all focused, and brought the message we are going to design, build, and sell the world's best vehicles. we are going to move quickly, we need your support, your input, and so we changed a few things about the board meeting. we shortened them considerably. we stayed away from the details or did not get in the weeds on how you build a car, but the bigger questions of financing, more out, positioning, marketing, that sort of thing. the board was very supportive of that, and we kept them informed. you know, we just took off. >> leading general motors through bankruptcy and the government bailout, for
complex issue, because of the definition of taxes, penalties and related issues. >> yeah, i think using the term subsidy by its nature, it makes people nervous. subsidy seems have sort of a connotation use in recent years of something untoward. i guess the way i would look at it, i hear your question as a bit of a philosophical question, and less of a nuts and bolts question. i think philosophically, there is fairly broad agreement that you subsidize things that have a social benefit. that they have a benefit that goes beyond the individual and it's not decision reflected in the marketplace. and so i think that you have to look at it that way, if something is not being valued that would make, you know, society better, then you have to come up with some way of evaluating it. whether tax is one way of doing that. i think as far as a market mechanism, it is the way we have tended to look at subsidy as sort of the lubricant to allow these new technologies to find their footing in the marketplace. they do, without a doubt. we have our technology curve and i can show you the map of all of our
. >>> say farewell to the old fiscal cliff and debt ceiling and get used to this word. sequester. it hit in march if congress doesn't act. if you lost track of the debt ceiling and budget battles t came out of the debt limit deal. it was the white house's idea to hold washington's feet to the fire. the cuts were never supposed to happen. the committee that replaced them failed and at the start of the ewe near, the deal triggered even further until march 1st. we are faced with the looming cuts a few weeks away that boiled down to $85 billion that will be slashed by this fall if nothing happens. the focus has been on the cuts and the entire $1.2 trillion will be a 50-50 defense between defense and spending. to put us into perspective is the center for social inclusion. the sequester was designed to be something that would never happen. prot expect would scare washington into coming out with something else. there sounds out of washington, particularly from republicans that they might be okay with nothing happening and sequester being triggered. half is defense and half non-domestic discreti
. and that is why it is so important for us to do the report that we did. i will give you a perfect example. you have loan officers at banks being paid bonuses and pay based on how many loans they created. not whether those were good loans. not taking into account whether the loans would later default and caused sick of it and losses. there were a number of different causes of the financial crisis. we tried to bring a lot of transparency to it, to report on that. we are also doing a lot of work in this area to say what has not been dealt with. you are exactly right, fannie and freddie is not dealt with under dodd-frank. but let's talk about dodd-frank for a moment. there have been reforms to our financial system, but there needs to be significantly more. one thing about dodd-frank is it sets up a framework. but ultimately not all of the rules are implemented. there are very important standards that need to be set by the regulators and treasury. because what we are worried about is trying to protect americans in the event of another financial crisis. we do not want to be in a situation where one
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